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Leadership Shifts at American Financial Resources

Leadership Shifts at American Financial Resources

by Phil Hall | Apr 16, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

American Financial Resources (AFR), a national mortgage lender headquartered in Parsippany, New Jersey, announced the promotion of Robert Pieklo to CEO and Michael Brenning to chief operating officer (COO). Pieklo joined AFP as COO in February 2024 following its...
Mortgage Application Volume Down 8.5%

Mortgage Application Volume Down 8.5%

by Phil Hall | Apr 16, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed for the week ending April 11, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 8.5% on a seasonally adjusted basis from one week...
The Most Affordable City for Rental Housing Is…

The Most Affordable City for Rental Housing Is…

by Phil Hall | Apr 16, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

With rent payments soaking up to as much as one-third of median income in some areas, WalletHub is now offering its study “Cities with the Most Affordable Rent” to detail which metro areas enable renters to keep more of the earnings. The data analysis of more than 180...
Chris Kelly Becomes Chief Executive at HomeServices of America

Chris Kelly Becomes Chief Executive at HomeServices of America

by Phil Hall | Apr 16, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

HomeServices of America, a Minneapolis-headquartered division of Warren Buffett’s Berkshire Hathaway (NYSE: BRK), announced a leadership shift with Executive Vice President Chris Kelly becoming president and CEO. Kelly joined HomeServices in 2007 as general counsel...
NY Attorney General Letitia James Accused of Mortgage Fraud

NY Attorney General Letitia James Accused of Mortgage Fraud

by Phil Hall | Apr 16, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James, who gained national attention for her of Donald Trump and the Trump Organization over alleged real estate valuation fraud, is the subject of a federal criminal referral for instances of alleged mortgage fraud. The New York Post...
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